Goldman Sachs, Caterpillar Lead DIA ETF Gains In Dow’s Strongest Session In A Year

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The Dow Jones Industrial Average posted its strongest daily performance in a year on Wednesday, surging more than 1,300 points, or 2.8%, as easing geopolitical tensions sparked a broad-based rally across equities.

The move rekindled investor appetite for sectors most sensitive to lower oil prices, including technology, industrials, construction, and consumer discretionary.

SPDR Dow Jones Industrial Average ETF (NYSE:DIA), which tracks the Dow Jones Index, mirrored the rally. With $43 billion in assets under management, the fund trades an average of more than 7 million shares daily and has an expense ratio of 0.16%

While most of the stocks in the fund’s portfolio have gained sharply, the following five led the gains.

Stocks Performance % of Assets in DIA Portfolio
Sherwin-Williams 6.91% 4.25%
Caterpillar 6.51% 9.39%
Home Depot 5.46% 4.36%
Goldman Sachs 4.81% 11.21%
Walmart 3.89% 1.62%

Sherwin-Williams Co.

Falling input costs, especially oil-linked chemicals, will benefit the paint and coatings giant. The Sherwin-Williams Co. (NYSE:SHW) has seen a negative target price revision in recent weeks. An analyst at Citigroup Inc. (NYSE:C) slashed the target price on SHW to $385 from $410, citing higher oil prices …

Full story available on Benzinga.com

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